EOS RAM Price & Trading: Where to Buy EOS RAM
EOS RAM trading recently seen a lot of hype in the market. It came into light after it price sparked recently. While most of you are still looking for what it is ? a cryptocurrency? a platform or DApp? So here is the answer
What is EOS RAM?
On the EOS network, RAM is mostly used by developers to store the data used in the launching and production of decentralized applications (dApps). RAM, in this case, refers to general storage space in the EOS memory database, and can also be used to create new accounts. Users have to purchase a minimum of four kilobytes to open an account on EOS, essentially staking out a portion of the network's processing power for their own projects.
How the price is so volatile?
On June 20, Ram RAM in the EOS network cost about 0.01 EOS per kilobyte. July 1, RAM in the EOS network cost about 0.11 EOS per kilobyte. On Jul 03, the price had doubled to 0.20 EOS/KB before blasting off to a current rate (at the time or writing) of 0.57 EOS/KB.
This price is varying due to the demand and the hype recently it saw. Interestingly, the price of RAM will be controlled by the demand for EOS smart contracts among the developers. This will also pump the demand for high EOS RAM leading to a hike in EOS RAM price for trading.
when there is high demand, users will only be able to buy RAM from another user who owns it, rather than buying it from the system. According to Bitbns, only -17% RAM is left for a direct sale.
How to Trade EOS RAM?
Currently EOS is only available to trade on Bitbns. They announced EOS RAM trading on 6th July. Bitbns is a exchange that currently trade 50+ digital assets.
How to purchase EOS RAM?
EOS RAM can be purchased using INR, USDT or EOS directly on Bitbns. Link to buy EOS RAM
Is it good to buy EOS RAM now?
EOS RAM price has touched 0.92 EOS / KB. Currently price KB has dropped nearly half of ALL Time High. The price of EOS / KB while creating this post is 0.488 EOS / KB. It's a good buy option currently. Also if it fall below this fill your bag.
P.S: Do Your Own Research before investing
That exchange is not the only place to buy RAM and there’s is no way I would use it. There is a ftee market option that uses scatter and direct buy/selling from the chain.
More details here
https://busy.org/@aclarkuk82/eos-new-ram-trading-tool
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